Budget: WelfareSignificant changes to the rules on housing benefit and further action to combat benefits fraud were part of a package of social security measures announced by the Chancellor.ROSIE WATERHOUSE
Here’s a chart from the Economic Policy Innovation Center (EPIC) showing how the burden of redistribution spending has expanded since the pandemic, as well how much the budget for those programs is projected to increase over the next 10 years. In large part, the growth of redistribution outla...
Several billion pounds in spending cuts - including from the welfare budget - are expected in the spring statement later this month. The Treasury will put forward the proposed cuts to the Office of Budget Responsibility (OBR) on Wednesday, ahead of it providing a financial forecast on ...
“The budget will be an acid test for this government. If it is completely going with the IMF targets, then people will have to pay more taxes on the one hand. On the other hand, it will have to reduce taxes to reduce cost of living,” a senior government official who has knowledge ...
These strong intergenerational links between parents and children have sizable fiscal consequences for the government’s long term budget. Cumulative DI payments to children of the targeted parents are 16% lower. This is a substantial additional saving for the government’s budget, especially since the...
The government has made cutting the soaring welfare budget a key project, but it's sparked significant concerns among Labour MPs. Full details of the plans will be revealed on Tuesday - you can watch and follow live on Sky News.
The Department of Budget and Management (DBM) has announced a new medical allowance for its employees worth PHP 7000 per year starting 2025. This new benefit aims to help alleviate the financial burden of medical expenses for government workers. This allowance aims to alleviate the financial burden...
And, since farmers are now also getting the rewards of basic income, they will no longer need subsidy programs (they don’t need them now, but this will undercut their last excuse). Not only will this mean we can get rid of one of the most useless expenditures of the federal budget,...
Once we remove all welfare commitments from the Federal budget, expenditures become a lot smaller, and you could fund all of it with about a 10% VAT, which seems about right to me. I would just end these Federal programs. There is no need for some elaborate transition, or “block grants...
One of the biggest mistakes in DIY home projects is jumping in without a well-thought-out plan. Before starting any renovation, take the time to research, create a detailed project outline, and gather all the necessary tools and materials. Plan the project’s timeline and budget, and be rea...